Hungary and Thailand team up to democratize blockchain

Hungary and Thailand will mobilize to promote blockchain adoption. Concretely, organizations accredited by each of these nations will work together to promote the use of this technology in financial services.

Thailand and Hungary take a step closer to blockchain

The news has fallen at the Thai-Hungarian Fintech Forum, a conference organized by the Hungarian Embassy in Thailand which brought together all the players in the country’s fintech ecosystem. For this first edition, the debate focused on how to collectively energize the financial revolution. And on this occasion, the Thai Fintech Association announced its association with Hungary’s Blockchain Coalition. The aim is to promote the introduction of blockchain-based solutions in the financial landscape of both countries.

At the heart of this mission is the realization that cryptocurrencies are becoming more and more prevalent in Thailand. Moreover, for Chonladet Khemarattana, president of the Thai Fintech Association, participating in the spread of the blockchain requires close cooperation with other countries. In fact, thanks to this cooperation, Thailand hopes to acquire quality expertise in this field.

Future collaboration with Hungarian companies will help Thailand gain more experience. It will also help both countries to launch new ideas or new services in the future.”Khemarattana said.

As far as Hungary is concerned, it is an opportunity to position itself among the pioneers of innovation. Indeed, according to Sándos Sipos, Ambassador of Hungary in Thailand, his country attaches great importance to the development of new technologies in the financial sector.

It’s always interesting to see countries come together to get things done. Eventually, it is to be expected that many blockchain startups will emerge within these nations. Moreover, diplomatic relations between Hungary and Thailand are almost 49 years old. According to Sipos, the new agreement also marks a new phase of this agreement. Because it will consolidate financial cooperation between the two countries.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Tremplin.io!

Similar Posts